Aerodrome

Aerodrome is the Velodrome team's deployment on Base, Coinbase's Layer 2 blockchain. Launched alongside Base in August 2023, Aerodrome quickly became the dominant DEX with over $650 million in TVL. It inherits the proven ve(3,3) model for sustainable liquidity incentives—protocols bribe veAERO holders to direct emissions to their pools. As Base grows with Coinbase's backing and retail onboarding of over 100 million users, Aerodrome is positioned as the primary liquidity layer. Slipstream provides concentrated liquidity pools for capital efficiency on high-volume pairs.

Aerodrome inherits Velodrome's proven ve(3,3) model optimized for Base. veAERO holders vote weekly on pool emissions, earning bribes from protocols seeking liquidity. The flywheel is particularly powerful on Base due to Coinbase's onboarding of retail users—more users means more volume, more fees, and more attractive bribe yields. Slipstream concentrated liquidity pools handle the highest-volume pairs, while standard pools serve the long tail of tokens. With Base's ultra-low gas costs, even small trades are economical.